Standard Bank Report Ranks Ghana as the 6th African Country With Most Exports to China
Ghana has been ranked the sixth highest African country in terms of exports to China, accounting for 8.2% of its total exports, according to the Standard Bank Economy 2025 Outlook.
The report, which assessed Africa’s export exposure to China, places the Democratic Republic of Congo (DRC) at the top, with 48% of its total exports going to China. Angola followed closely with 45%, while Zambia, Mozambique and Namibia recorded 28.7%, 17% and 15% respectively, placing them third, fourth and fifth.
The report highlights the continent’s continued reliance on external demand from China, particularly among resource-exporting nations. However, it warns of potential downside risks to growth should U.S. tariffs negatively impact economic activity in China.
“Of the markets in our coverage, DRC, Zambia and Angola have a sizeable concentration of their exports that are routed to China. In Angola, around 45% of their total exports of goods go to China, while in DRC this is higher, at around 48%. In Zambia this ratio is also elevated, at around 28.7%,” the report noted.
By contrast, other countries such as Botswana (7.2%), Ethiopia (8.4%), Ghana (8.2%), Kenya (2.8%) and Nigeria (3.3%) have relatively lower export exposure to China.
Despite its relatively smaller share, Ghana’s sixth-place position underscores its growing trade relationship with the Asian giant.
The report also flagged vulnerabilities for oil-exporting economies like Nigeria, which may be adversely impacted by any slowdown in Chinese demand. A decline in international oil prices, driven by weakened Chinese demand, could worsen these economies’ external positions.
“In the past, this has exacerbated FX liquidity conditions and weighed on growth in the non-oil sector too. However, recent pledges by Chinese authorities to ramp up their stimulus support may underpin economic activity in China and thereby support prices for both oil and copper,” it added.
